ICICI Securities to offer factor-based portfolios

Stock brokerage ICICI Securities on 13 July said it has decided to offer factor-based portfolios, a risk-based advisory service for its retail clients.

MSCI, which is engaged in index construction and maintenance, will provide and develop custom indices based on factor strategies for ICICI Securities.

"The equity advised portfolio service is aimed at giving our 4 million customers a structured way to build their portfolios and benefit from equity investments over the longer term," ICICI Securities managing director and CEO Shilpa Kumar told reporters here.

"As the strategies are well defined and rule based as well as re-balanced on a specific frequency, they provide a more structured approach to stock investing for retail clients," she added.

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Galaxy TAJMAC JV unveils 'Made in India' CNC machines

Mumbai: Galaxy TAJMAC India, a joint venture of Galaxy India with TAJMAC-ZPS of Czech Republic launched made in India version of CNC machine.

The company achieves the distinction of being the first to manufacture CNC Sliding Headstock Lathes in 6-12 axes under the government's 'Make In India' initiative.

"Through our technology transfer, we are committed to bring innovative technology to India and are now geared to produce high class quality of CNC products that are comparable to international standards as we collaborate on design, process and production," Galaxy-TAJMAC India Director Michelle Tajariol said.

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Vertoz Partners with GeoEdge

Mumbai: Vertoz, a programmatic advertising company has announced its partnership with GeoEdge, a provider of ad security and verification solutions for the online and mobile advertising ecosystem.

Vertoz facilitates advertisers to run campaigns for display, mobile, video and native channels on a publisher's inventory across multiple devices like desktop, tv, mobile and tablets. Countering the recent series of cyberattacks, this partnership will provide visibility and protect publisher and user interest, a statement said here.

-PTI